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we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end of 2012. >> we've been reminded that while it's critical for us to cut wasteful spending we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs. >> new numbers from the congressional budget office may provide some ammunition. the cbo projects the economy will grow at a measly rate of 1.4% this year and 3.4% next year. the cbo forecast is correct, 2014 will be the sixth consecutive year with unemployment above 7.5%, but expect to hear from republicans about another big number in that report, and alt
we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end...
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Feb 6, 2013
02/13
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austerity measures that cost jobs that only increase our deficit problem will bring down the deficit by decreasing reliance on safety net programs, taxpayers, improving debt to gdp ratio. job losses under sequestration would include 16,000 school teachers and aides and 20,000 head start teachers. ask the american public that is what they really mean by cuts. rain to stop those cuts and instead create education jobs by investing in teachers, modernizing schools and efforts that would create more than 300,000 jobs. sent to . the balancing act include some of these ideas. ultimately included in the president's american jobs act, which never even got a vote in the house. teaching, modernizing schools and rebuilding our transportation and the structure while -- with the balancing act would do, those are the jobs that our communities need, and those are the jobs our economy needs to our legislation pays for those investments but including smart military cuts and the sequestration across-the-board cuts allowing for a little discretion. no discretion. our alternative would cut waste and to r
austerity measures that cost jobs that only increase our deficit problem will bring down the deficit by decreasing reliance on safety net programs, taxpayers, improving debt to gdp ratio. job losses under sequestration would include 16,000 school teachers and aides and 20,000 head start teachers. ask the american public that is what they really mean by cuts. rain to stop those cuts and instead create education jobs by investing in teachers, modernizing schools and efforts that would create more...
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Feb 7, 2013
02/13
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some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." in this half hour, mahmoud ahmadinejad says iran is now a nuclear country. does that mean the rogue regime already has nuclear weapons? we'll get an answer later on. on what would have been president reagan's 102nd birthday, we will honor reagan with a look at many of his messages that resonate today. we have more of
some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their...
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Feb 2, 2013
02/13
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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this is part of an effort to cut the massive budget deficit faced by the postal service. >> i do not have any e-mail and a computer to be honest about it. i do rely on the u.s. post office mail. he is not happy about the upcoming changes that take effect august 1st. chicago district post offices will you to know that the other saturday services will continue. if you're giving medicine on saturday you're going to continue to get your medicine on saturday. if you're looking for a package from saturday you'll continue to see that package on saturday. and they're hoping that they will be able to phase this in. through attrition there might be summed elimination. we are hoping there will not be any massive changes. we hope to talk to the unions later on in the day. we will have the very latest in the evening as. law >> i've with more on why there was a delay the police are crediting several agencies as working together. he is arrested monday over seven hours. police said witnesses able to provide a description of the suspect. more importantly that witness was able to give them a partial l
this is part of an effort to cut the massive budget deficit faced by the postal service. >> i do not have any e-mail and a computer to be honest about it. i do rely on the u.s. post office mail. he is not happy about the upcoming changes that take effect august 1st. chicago district post offices will you to know that the other saturday services will continue. if you're giving medicine on saturday you're going to continue to get your medicine on saturday. if you're looking for a package...
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keynesian can kicking, the economy has to be supported by a tril do i don't know dolla- trillion dollar deficit, if it is not we're going down the drain, that is nonsense, we cannot keep borrowing from future generations, and passing out money, and so we could have a little more gdp a quarter of a time, we have to face up to this, we did in 1980s, the system today is incapable, i blame the fed and greenspan for creating thar ofa wall street coddling. once they said they could not allow the stock market to drop more than 5%, and prop up the big wall street houses -- . charles: david, you criticized romney a lot during the election, talking about crony capitalism but the same token have you been a critic of paul ryan as well. so who has a solution? if mitt romney did not represent capitalism, this defore may be of capitalism in your book, what is that about? >> it is getting back to first principles and remembering what we used to think in the 19 70s, and 60s, and the 1920s, today it is such a lincoln day dinner rhetoric. romney was unwilling to cut defense, he said nothing about social security.
keynesian can kicking, the economy has to be supported by a tril do i don't know dolla- trillion dollar deficit, if it is not we're going down the drain, that is nonsense, we cannot keep borrowing from future generations, and passing out money, and so we could have a little more gdp a quarter of a time, we have to face up to this, we did in 1980s, the system today is incapable, i blame the fed and greenspan for creating thar ofa wall street coddling. once they said they could not allow the...
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Feb 4, 2013
02/13
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the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the s
the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president...
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what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budget so i think they've been very visible in this regard i mean i think that but the other thing to remember and particularly with the payback theory is you know i'm one of the few people who did the analysis on this but when they downgraded the u.s. back in two thousand and eleven the stock market didn't care at all there was no penalty for the united states government in that downgrade so i think that is you know they're not unique but there are two things different about them one is that they're very visible in talking about deficits and the government but number two is that thanks to the eleven subcommittee as senator carl levin in congress there's a great deal of documentation of
what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budget so i think they've been very visible in this regard i mean i think that but the other...
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Feb 6, 2013
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year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank you, madam chairman. i ask unanimous consent to claim time in opposition even though i am not. the chair: the gentleman is recognized. mr. van hollen: thank you, madam chairman. i think it's very useful to let everybody in the country know exactly what the debt and deficit will be on a per capita basis. we in congress can of course do the math. i think it's no problem asking the president to run that calculation as well. again, i want to emphasize the fact there is agreement on reducing the deficit. the real differences here are over how we do
year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank...
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Feb 7, 2013
02/13
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some of that can be used for deficit reduction. would be a lot more appealing than other taxes or cuts in entitlements, those are very difficult measures. >> a cost to carbon, and the one of those proposals, do you think that happens during the second term of the obama administration? >> i hope it will. it is a long shot because of the opposition from some republicans. a secretary, secretary schulz, a secretary of state and economic adviser under nixon and reagan, he supported the idea of a tax. a lot of republicans said, let's tax carbon and use the tax money to reduce other taxes, like corporate taxes. let's do something to move the incentives away from adding more greenhouse gases into the atmosphere. >> a democratic caller. >> good morning, c-span. the morning. that last caller, i am thankful for guys like you. i am appreciative. unfortunately, the message we are trying to get across is that global warming, how it affects the jet streams and the weather and how that intern causes climate change. the knuckle draggers you were ju
some of that can be used for deficit reduction. would be a lot more appealing than other taxes or cuts in entitlements, those are very difficult measures. >> a cost to carbon, and the one of those proposals, do you think that happens during the second term of the obama administration? >> i hope it will. it is a long shot because of the opposition from some republicans. a secretary, secretary schulz, a secretary of state and economic adviser under nixon and reagan, he supported the...
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Feb 7, 2013
02/13
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and i believe we're for fiscal discipline, managing down the debt and deficit for a reason because we don't want a debt crisis to implode this country and our economy because if you see interest rates jack up because all of a sudden our debt is unsustainable. that means families will have to pay more every month in their mortgage and eventually see taxes go up even further because we have to pay off more debt. >> greta: how do you get that message out to the american people? i realize you go on cable shows, but we go on every single cable show and reach a universe of 7 million people. how are you going to get that out to the american people? >> one thing we require the nate to do a budget the first time in four years and as you know, if they don't do a budget they don't get paid. all of a sudden, senator schumer and others are saying we're going to do a budget. great. now we can talk about their prescription of managing down the deficit and the debt and see what it is that they're calling for. we also passed a bill in the house today that required plan act and said that the president
and i believe we're for fiscal discipline, managing down the debt and deficit for a reason because we don't want a debt crisis to implode this country and our economy because if you see interest rates jack up because all of a sudden our debt is unsustainable. that means families will have to pay more every month in their mortgage and eventually see taxes go up even further because we have to pay off more debt. >> greta: how do you get that message out to the american people? i realize you...
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Feb 6, 2013
02/13
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not only have they failed to come together around a big plan to reduce the deficit. they have also failed in their basic responsibility to pass appropriations bills. how we fund the government each year. we are operating today, continuing resolution on appropriations, because they failed to pass appropriations bills. the last time that congress passed all the appropriations bills and timeless 1994. it was in 1994. that is a basic responsibility. to be able to fund the government. my fear is that there is a dangerous and callous attitude that is developing among some republicans and some democrats. that these danhat these dangeroe allowed to take place in order to blame the other party or the consequences. this is a kind of so what attitude. it says let's see how bad it can get. in order to have the other party blink. i have seen that attitude before. it was the same attitude that led to a government shutdown in 1995. the same attitude. the other side will blink. even though it will hurt people. even if it's going to hurt our citizens or our security. this is a good w
not only have they failed to come together around a big plan to reduce the deficit. they have also failed in their basic responsibility to pass appropriations bills. how we fund the government each year. we are operating today, continuing resolution on appropriations, because they failed to pass appropriations bills. the last time that congress passed all the appropriations bills and timeless 1994. it was in 1994. that is a basic responsibility. to be able to fund the government. my fear is...
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Feb 5, 2013
02/13
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he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of reference in the party? >> guest: it shows that a huge monumental figure he was. not just what he did in the world, but to the republican party. he fundamentally reshaped the republican party in lots and lots of ways and this time has gone on, he's grown in the imagination of the republican party and he should. he was one of the great presidents of the 20th century. there's a lot to learn both in terms of principle stands in terms of countenance and tone, the way he carried himself. he was a man of extraordinary grace and dignity. he was really by his opponents and never returned in
he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of...
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Feb 7, 2013
02/13
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you don't have a budget deficit we're worried about we're going to make you fund your pension plan 70 years in the future just to bankrupt you. >> they purposely tried to tank it. it's really sad. a lot of older people, rural americans who depend on medication, this will hurt them. the post office entire funding comes from postage. most people think it's taxpayer money. they had to sell off a lot of greatest properties they had the most beautiful post offices here in new york, and we can look at dianne feinstein's office husband for that. we'll look into it. >> micromanaged by congress but they don't get the taxpayer money from congress. it's a time bomb by the bush administration to make government smaller. >> john: exactly. >> and so everything that they want to see--yes--it comes to fruition. >> and all these people who sitting around all these year not attacking congress, congress attacks them. >> how does it make you feel? >> that was sent from you and it was anthrax. i regifted it. >> john: anyone who remembers the 80s and 90s postal workers are the people you do not want to ups
you don't have a budget deficit we're worried about we're going to make you fund your pension plan 70 years in the future just to bankrupt you. >> they purposely tried to tank it. it's really sad. a lot of older people, rural americans who depend on medication, this will hurt them. the post office entire funding comes from postage. most people think it's taxpayer money. they had to sell off a lot of greatest properties they had the most beautiful post offices here in new york, and we can...
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Feb 7, 2013
02/13
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our deficit now is 1.5 trillion dollars. it's three times the amount. if we don't start cutting now and worrying about our country, we will not have a debate anymore, we will not have a country left. all these geniuses. let's start cutting fraud of all these illegals collecting all fair and food stamps in my state. let's start cutting that. there are many things we can cut. but nobody wants to do anything. we're going to go down with the ship. host: on twiter -- we already have read these. i apologize. if you would like to continue the conversation on sequestration, you can go to our facebook page. there is a lively conversation going on. that will continue throughout the day. a couple more articles before we get to some of our gas segments. obama chooses and environmentalists executive for the interior. there's a picture of president obama and sally jewell, nominated to be secretary of the interior. here's the front page of the state newspaper out of columbia, south carolina. it says that james cliburn would make a great transportation secretary. the b
our deficit now is 1.5 trillion dollars. it's three times the amount. if we don't start cutting now and worrying about our country, we will not have a debate anymore, we will not have a country left. all these geniuses. let's start cutting fraud of all these illegals collecting all fair and food stamps in my state. let's start cutting that. there are many things we can cut. but nobody wants to do anything. we're going to go down with the ship. host: on twiter -- we already have read these. i...
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Feb 4, 2013
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if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed to compete on terms that are fair. that is good for all of us in an economic recovery. host: baltimore, md., just retired, go ahead. caller: i would like to say one thing before i say my question. i love c-span and i always want to make it through on a phone call and i am glad that i made it through. that being said, and by the way -- go ravens, we won the super bowl. my question is this. i live in baltimore city. the unemployment rate in baltimore city is unbelievable. the problem that you have is that not only are so many people unemployed,
if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed...
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Feb 6, 2013
02/13
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...
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Feb 4, 2013
02/13
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over a trillion dollars of deficit reduction was accomplished because of the budget control act. and we did another trillion dollars of deficit reduction on the new year's eve fiscal cliff agreements that brought in more revenue by making permanent the 39.6% tax rate for high-income taxpayers and bringing in some additional spending cuts. now, that's real. my colleagues say well, no, we still have these large deficits and they're larger than they were before, but if we didn't do the budget control act and we didn't do the fiscal cliff agreements, the deficits would be much higher. and again, using some common baseline like simpson-bowles did, we have done about half of what, if you agree on the framework of simpson-bowles, we need to do. well, we have to get more done. we're not there yet. the revenues of this country traditionally have been around 19% of our economy. that's what it traditionally has been. that's what it was under president clinton when we balanced the federal budget, balanced the federal budget. we actually had surpluses. and our economy was growing, job growth,
over a trillion dollars of deficit reduction was accomplished because of the budget control act. and we did another trillion dollars of deficit reduction on the new year's eve fiscal cliff agreements that brought in more revenue by making permanent the 39.6% tax rate for high-income taxpayers and bringing in some additional spending cuts. now, that's real. my colleagues say well, no, we still have these large deficits and they're larger than they were before, but if we didn't do the budget...
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Feb 7, 2013
02/13
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everybody at a deficit. this will be the first big storm we have had in a very long time big zacket. two storms now. this is where all the moisture is out across the south. cold air is with this system across the northern plains. both of these storms are going to continue to move up here. they will get together. we call it phasing the streams insteps city once it gets over water. that will happen areas across the northern hazell of jersey. philadelphia and d.c. nor of an new england storm. blizzard watches for boston and proched. very strong went with this. areas of new england definitely getting a monster storm boston and portland inland two feet 32-degree line make a difference for new york. going to be over 1 to 3 inches. maybe 3 to 6 if it goes farther toward the south. shep? >> shepard: not too bad for us. heavy fog may be to blame for a gruesome scene this morning after a series of crashes involving some 27 cars and trucks. officials say it happened on interstate 16 west of savannah, georgia likely bec
everybody at a deficit. this will be the first big storm we have had in a very long time big zacket. two storms now. this is where all the moisture is out across the south. cold air is with this system across the northern plains. both of these storms are going to continue to move up here. they will get together. we call it phasing the streams insteps city once it gets over water. that will happen areas across the northern hazell of jersey. philadelphia and d.c. nor of an new england storm....
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Feb 2, 2013
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we're deficit doves in a down economy, and deficit hawks in a strong economy. at a time like this, what you really need is faster growth. by the way, not only will that help put more people to work, but it will actually help reduce your budget deficit ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and we've seen this in europe. all that austerity. if you do it too soon, not only does it not work on the growth side it actually hurts you on the government debt side. >> okay. politics here, though, with republicans calling for all this deficit reduction -- they control the house -- is it politically not viable for paul krugman and you to get your wish? >> apparently it's less viable than perhaps it ought to be if we were just going on the economics. look, i think the thing that maybe paul and certainly me are both saying is, it may be unrealistic to expect more stimulus spen
we're deficit doves in a down economy, and deficit hawks in a strong economy. at a time like this, what you really need is faster growth. by the way, not only will that help put more people to work, but it will actually help reduce your budget deficit ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and...
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Feb 8, 2013
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this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay firt etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balance add proach, a bipartisan approac
this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay firt etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending...
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02/13
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we all want to fix the deficit problem. there's no question. but i think when they have a chance to look at this bill and understand what we're really facing, i don't think we're going to have a problem there. >> sir, how is this different from the proposal of a year ago? >> did we have the pay freeze? [laughter] >> it's different. obviously we had two different versions. the house as i understood it had the attrition of the work force that's in this component. in the senate last time we had a combination of -- instead of for every three positions that came open, only filling one. we had two and a combination of overall pay freeze across the federal government, for over a year. this is different. it combines both so we're on the same page. and we have the house proposal on the attrition and we've also added congressional pay freeze on it instead of the entire civilian work force. >> what makes you think that this time around, that speaker boehner's going to take up this proposal? >> i >> i would defer to others here and the chairman but there's
we all want to fix the deficit problem. there's no question. but i think when they have a chance to look at this bill and understand what we're really facing, i don't think we're going to have a problem there. >> sir, how is this different from the proposal of a year ago? >> did we have the pay freeze? [laughter] >> it's different. obviously we had two different versions. the house as i understood it had the attrition of the work force that's in this component. in the senate...
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Feb 7, 2013
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last five years, and the result has been the weakest recovery in 75 years and trillion-dollar annual deficits. the sequester will help the economy by leaving more capital for private investment. the sequester will surely require worker furloughs and cutbacks in certain nonpriority services. but most of those layoffs will happen in the washington, d.c., area. the recession-free region that has boomed during the obama era. >> wow. not a lot of republicans would agree with that because the sequester would hurt the pentagon. that's why they're talking about the d.c. area. >> can you raise my hand and say i'm one republican that would agree with that? we've got to cut defense spending. >> we have to. >> we've got to, and we've got to cut spending. >> willy-nilly, though. so the sequester is willy-nilly, isn't it? you wouldn't want to cut having the sequester do it? >> didn't congress make the sequester? >> that was a carrot and stick situation. the sequester is the stick. >> the problem is you can't get the president of the united states to put alternative cuts on the board. he'll talk in generali
last five years, and the result has been the weakest recovery in 75 years and trillion-dollar annual deficits. the sequester will help the economy by leaving more capital for private investment. the sequester will surely require worker furloughs and cutbacks in certain nonpriority services. but most of those layoffs will happen in the washington, d.c., area. the recession-free region that has boomed during the obama era. >> wow. not a lot of republicans would agree with that because the...
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Feb 7, 2013
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we believe there's a better way to lower the deficit. but americans do not support sacrificing real spending cuts for more tax hikes. the president's sequester should be replaced with spending cuts reforms that put us on a path that would balance the budget over next 10 years. the american people believe that the tax question have -- tax question has been settled. they know the president called for a balanced approach to the debt, a combination of revenues and spending cuts. and they know that he has done his revenue. the american people do not believe -- he has gotten his revenue. the american people do not believe that he will not get more revenue to lower the debt. the president does not believe we have a spending problem care he genuinely believes the government's spending causes economic growth. if that weren't true, the economy would be thriving. small businesses are struggling. middle-class families, those that are lucky enough to have a job, are living paycheck to paycheck. and president obama just insisted on raising their taxes
we believe there's a better way to lower the deficit. but americans do not support sacrificing real spending cuts for more tax hikes. the president's sequester should be replaced with spending cuts reforms that put us on a path that would balance the budget over next 10 years. the american people believe that the tax question have -- tax question has been settled. they know the president called for a balanced approach to the debt, a combination of revenues and spending cuts. and they know that...
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Feb 3, 2013
02/13
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"the weekly standard" focusing on the debt, the deficit, and its impact on the children. the president speaking about these issues in his weekly address. here is more. [video clip] >> we all agree it is critical to cut unnecessary spending. we cannot cut our way to prosperity. it has not worked in the past, and it will not work today. it should -- it could slow down the recovery. it could cost us jobs. much as number in the future. let's make the investments we cannot afford to live without. embarrassment's and education and infrastructure. research and development -- investments and education and infrastructure. already republicans and democrats of work together to reduce deficits by $2.50 trillion. that is a good start. to get the rest of the way, we need a balanced set of reforms. for example, we need to lower the cost of health care and programs like medicare that are the biggest drivers of the deficit. these reforms must go hand in hand with eliminating excess spending in the tax code so the wealthiest individuals can ticket veg of loopholes and deductions the kind o
"the weekly standard" focusing on the debt, the deficit, and its impact on the children. the president speaking about these issues in his weekly address. here is more. [video clip] >> we all agree it is critical to cut unnecessary spending. we cannot cut our way to prosperity. it has not worked in the past, and it will not work today. it should -- it could slow down the recovery. it could cost us jobs. much as number in the future. let's make the investments we cannot afford to...
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Feb 6, 2013
02/13
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we all want to fix the deficit problem. there is no question about it. but i think when they look at this bill and understand what we are really facing, i do not believe that we will have a problem there. >> [inaudible question] [talking over each other] >> it is different great obviously, we have two different versions. the house has this attrition of the workforce that has been the component and we had a combination for every new positions, we had one and then two, and we can bind both so we are on the same page. the house proposal on the attrition and we have also added congressional papers on it as well for the civilian workforce. >> [inaudible question] >> i would certainly defer to others here and the chairman. there is a real urgency here. one of the reasons that the president and his administration during his campaign, they didn't actually want the law that requires you to notify workers that they may be laid off, essentially the department of labor says the defense employers didn't have to comply with that law, it's because they knew that once t
we all want to fix the deficit problem. there is no question about it. but i think when they look at this bill and understand what we are really facing, i do not believe that we will have a problem there. >> [inaudible question] [talking over each other] >> it is different great obviously, we have two different versions. the house has this attrition of the workforce that has been the component and we had a combination for every new positions, we had one and then two, and we can bind...
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Feb 1, 2013
02/13
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we had a trillion dollar deficit in the last year, more than $5 trillion over the last four years. boy, president obama sure inherited an economic mess from himself. i guess. [laughter] >> the ditch was very deep, and i think that the president has been trying to climb out of it. he has had stimulus policies. i don't think he's going to be able to have any more of them. and that really limits the tools that he can use to kind of get the economy, keep the economy growing. this is a very, very difficult challenge. of he does need cooperation from the republicans, but i don't think he's going to get it because in part i don't think he's doing a lot to encourage it. jon: all right. judith miller and kirsten powers, our fox news watch panel today. thank you both. >> thank you. >> thank you. jenna: well, a day of remembrance for those remarkable americans lost in the goal for exploring space. coming up, nasa's tribute to some of america's finest astronauts, next. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the
we had a trillion dollar deficit in the last year, more than $5 trillion over the last four years. boy, president obama sure inherited an economic mess from himself. i guess. [laughter] >> the ditch was very deep, and i think that the president has been trying to climb out of it. he has had stimulus policies. i don't think he's going to be able to have any more of them. and that really limits the tools that he can use to kind of get the economy, keep the economy growing. this is a very,...
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Feb 9, 2013
02/13
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based on current law which showed much smaller deficits. long-term rates are higher in than we had in this country and that also reflects the higher amount of debt, federal debt relative to g.d.p. than we have had over the past several decades. >> "washington post.? -- "washington post." thinking about how we should view the budget battles over the last two years. we are stabilizing debt at a much higher level. to what extent is that a result of decisions that were made by lawmakers and to what extent that is the underlying recovery in the economy? >> both factors and we have not tried to quantify them. one can look at our projections over the past several years and basically add up each successive revision, so every time we release new budget projections, we report the revisions and we divide them into the effects of economic forecasts and changes to other technical revisions. if one stacked all those up, one can get a sense about how much the debt has changed or the deficit has changed for any given year relative to any particular path pr
based on current law which showed much smaller deficits. long-term rates are higher in than we had in this country and that also reflects the higher amount of debt, federal debt relative to g.d.p. than we have had over the past several decades. >> "washington post.? -- "washington post." thinking about how we should view the budget battles over the last two years. we are stabilizing debt at a much higher level. to what extent is that a result of decisions that were made by...
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Feb 1, 2013
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while they've increased the deficit by $5.3 trillion in four years, the only major part of the budget has been decreased is the military. that's something pretty well- known. a lot of people don't like that idea. the thing that bothers me just as much is putting the agenda, another agenda under the military budget. for example, you have heard senator mccain and me and others talk about the fact that the navy paid for 450,000 gallons of fuel, some $26 a gallon. you can get it on the market for $3. the air force, same thing. except it's $59 a gallon. and so the question i would have of you is just a commitment that if you are confirmed, will you confine the dollars that we are going to spend in the defense budget for defense purposes, for war-fighting purposes? >> well, of course i will because that's the intent of our budget and department of defense. >> i appreciate that very much. there was an article the other day in "the washington post" by jennifer ruben called, "our dim witted state department.? it's kind of an interesting article. there are four questions that i'm willing to ask
while they've increased the deficit by $5.3 trillion in four years, the only major part of the budget has been decreased is the military. that's something pretty well- known. a lot of people don't like that idea. the thing that bothers me just as much is putting the agenda, another agenda under the military budget. for example, you have heard senator mccain and me and others talk about the fact that the navy paid for 450,000 gallons of fuel, some $26 a gallon. you can get it on the market for...
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. >> how a template of a increasing the deficit in effect the economy and financial markets? >> where do you know the answer. it's sort of jan at the bill and i went to expect this. when initially proposed, some analysts say it's for uncertain, we can't keep raising the debt limit for threatening to default after a few. so far it's not cause the latter can turn. the next thing we have to worry about is the sequestration has, which baumbach $85 billion in the remainder of this fiscal year and that hates march 1st. then we've got another deadline on march 27. so at this point, those things are more likely to damage the economy in the short term than this bill. although could play russian roulette later this summer, and that's going to be a problem as well. spoon mixture into the "washington post," thank you. >> thanks. >> she loved being first lady. she got the job for less than a year, but it was julie tyler who ordered the marines to play out to the chief of the president appears, a custom we still follow. subject to more criticism, greeted her guests on a throne on a raised
. >> how a template of a increasing the deficit in effect the economy and financial markets? >> where do you know the answer. it's sort of jan at the bill and i went to expect this. when initially proposed, some analysts say it's for uncertain, we can't keep raising the debt limit for threatening to default after a few. so far it's not cause the latter can turn. the next thing we have to worry about is the sequestration has, which baumbach $85 billion in the remainder of this fiscal...
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the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of people who will be eligible for medicare will be rising sharply. gerri: they expect gdp to rise this year and next year an average of 3.6% after that and then slowing. cbo expects unemployment average 8% this year and seven points six% next year that is the first time that has happened in 70 years. with the recent tax increases and spending cuts the cbo says it will cost 1.2 5% percentage points of gdp but with deficits reduce it boost growth and employment in the future. gerri: while the cbo war and gas the president tried to put the squeeze on congress to pass small spending cuts and pass more tax hikes. w
the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of...
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Feb 3, 2013
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also, we have to reduce our deficit and protect the investments in the areas of national defense. when we spoke earlier, i was pleased to hear that you did not support these indiscriminate, on prioritized cuts that sequestration would cause. if allowed to take effect, how would sequestration impact the department's ability to meet the future threats and challenges could as i've shared with you, highchair the subcommittee of this committee on emerging threats and capabilities, so i am particularly interested on your thoughts. you were commenting earlier to a senators' questions on cybersecurity issues. obviously being considered in the emerging threats and capabilities subcommittee. my question is, what impact do you believe that these cuts would have on our service members and their families at home and abroad, and in particular, the cuts with the sequestration, how would this impact areas such as cybersecurity and the other areas? >> well, first, as we have said this morning, you know the chiefs have made very clear, secretary panetta, there will be consequences, significant cons
also, we have to reduce our deficit and protect the investments in the areas of national defense. when we spoke earlier, i was pleased to hear that you did not support these indiscriminate, on prioritized cuts that sequestration would cause. if allowed to take effect, how would sequestration impact the department's ability to meet the future threats and challenges could as i've shared with you, highchair the subcommittee of this committee on emerging threats and capabilities, so i am...
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Feb 4, 2013
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. - 3 the steps lawmakers are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs eeonomy is taking a step forward, but some economisss say ii's on a slow path. -3 some say one offthe things polding up progress is folkss in washinggon. president obama is ccaling on lawmakers toowork together on a balanced approach to reduce the deficit and promote economii growth. but continued gridlock may pmpact a deal.dowd: republicans are unwilling to let's ddficit spend in order 3&&pare unwilliig to address -3 government ssending, so they -3 deficit spend, both sides, wwich iswhy the country does not rust washington. -& while thh wwite house and 3 fiscal cciff, the eal alss deferred auuomaticcspend
. - 3 the steps lawmakers are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs...
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Feb 1, 2013
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that includes when we have discussions about deficit reduction. as the president has made clear , deficit reduction is not the goal in itself. it is the means, if done right, greater growth and greater job creation. as part of an overall economic policy. i would note that today's jobs figures and the revisions we saw in previous months mean that over 35 months, we have created 6.1 private sector jobs. we created in 2012, when i said 2 million, we created 6.2 million with the revision numbers. in 2012, that means we have been moving in the right direction when it comes to job creation. when this president took office in 2009, we were in an economic free fall. we are hemorrhaging jobs. -- we were hemorrhaging jobs. we still had work to do and we had to make sure that when we divide economic policy and we negotiate with congress how to move forward, we cannot neglect the essential responsibility to ensure that the policies we put in place promote job creation and economic growth. that is why in every proposal, every budget , every submission to a com
that includes when we have discussions about deficit reduction. as the president has made clear , deficit reduction is not the goal in itself. it is the means, if done right, greater growth and greater job creation. as part of an overall economic policy. i would note that today's jobs figures and the revisions we saw in previous months mean that over 35 months, we have created 6.1 private sector jobs. we created in 2012, when i said 2 million, we created 6.2 million with the revision numbers....
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annual deficit deficit continueo shrink until 2017 when interest in health care costs increase deficits. in the next 10 years the u.s. will add almost $7 trillion to the national debt and totaled $26 trillion by 2023. while the national debt compared to the size of the economy stabilizes over the next decade, climbs much higher in the future. the director says the primary culprit, health care spending. >> we still see substantial growth in federal health care spending over the coming 10 years and beyond. that is importantly because the number of people who will be eligible for medicare will be rising very sharply. >> as the economic forecast, expecting gdp to expand 1.4% this year, 3.4% next year, average 3.6% to four years after that and slowing beyond there. expecting unemployment to average 8% this year and 7.6% next year, marking six straight years above $0.7.5, first time that has happened in 70 years. the recent tax increases and spending cuts on the economy, the office says they will cost one and a quarter percentage point to gdp and one half to 2 million jobs this year though wi
annual deficit deficit continueo shrink until 2017 when interest in health care costs increase deficits. in the next 10 years the u.s. will add almost $7 trillion to the national debt and totaled $26 trillion by 2023. while the national debt compared to the size of the economy stabilizes over the next decade, climbs much higher in the future. the director says the primary culprit, health care spending. >> we still see substantial growth in federal health care spending over the coming 10...